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re: WSJ Market Watch Opinion: If Iraqi oil goes off line, $200 oil is next
Posted on 6/18/14 at 12:42 pm to tgrbaitn08
Posted on 6/18/14 at 12:42 pm to tgrbaitn08
quote:
but all the new safety regulations make it so much harder to do business in the O&G industry and since the demand for natural gas is so low, how can they afford to stay in business?
Well the regulators are trying - but these are old wells - they don't have to be redrilled, just reopened.
But there are all kinds of anti-fracking propoganda products coming - particularly from Hollywood. The price of NG will increase, and be artificially increased, due to regulations.
However, NG prices will not directly impact the cost of a barrel of oil - the cumulative effect of government regulations does - and gasoline taxes directly affect the cost at the pump.
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